OIL

10,863 articles

U.S. fuel pumps see first weekly price rise since October
Jan 15, 2019 (UPI)
As of January 14, fuel pumps charged on average 1 cent more after crude oil prices gained during the past week, "which is starting to push up pump prices," said...
Petrobras preempts three pre-salt areas ahead of sixth auction
Jan 15, 2019 (UPI)
The Brazilian state oil company said it has notified Brazilian energy officials it wants to exercise its rights to secure operatorship in the pre-salt blocks of...
Saudi urges 'fair' energy transition, defends oil
Jan 15, 2019 (AFP)
Experts say energy output from renewables, especially solar and wind, is growing faster than anticipated, threatening to displace oil, gas and coal as the world...
Crude oil prices ease on renewed concern about a weaker economy
Jan 14, 2019 (UPI)
West Texas Intermediate front-month futures fell 1.3 percent to $50.91 as of 8:28 a.m. EST with Brent front-month futures declining 1.1 percent to $59.81 as of ...
'Realistic' new model points the way to more efficient and profitable fracking
Jan 14, 2019 (SPX)
"Our model is far more realistic than current models and software used in the industry," said Zdenek Bazant, McCormick Institute Professor and Walter P. Murphy ...
Eni expands Middle East presence with Oman, Bahrain, UAE accords
Jan 14, 2019 (UPI)
In one accord, Eni and the Oman government agreed to start explorations along with the country's state oil company in block 47, an area covering some 5,300 squa...
Oil prices set to end positive week on trade, weaker dollar, OPEC cuts
Jan 11, 2019 (UPI)
West Texas Intermediate front-month crude futures traded at $52.29, or 0.6 percent lower, at 08:30 a.m. EST, with Brent crude trading 0.7 percent lower at $61.2...
Discovery adapts natural membrane to make hydrogen fuel from water
Jan 11, 2019 (SPX)
In a recent study from the U.S. Department of Energy's (DOE) Argonne National Laboratory, scientists have combined two membrane-bound protein complexes to perfo...
Saudi Aramco builds new retail network, certifies reserves
Jan 10, 2019 (UPI)
The Dallas-based consultants DeGolyer and MacNaughton certified reserves in Saudi Aramco's concession area, as of the end of 2017, at 263.2 billion barrels of o...
Oil prices down after lower-than-expected inventory draw
Jan 10, 2019 (UPI)
West Texas Intermediate front-month crude future prices fell 0.6 percent to $52.07 per barrel, as of 8:35 a.m. EST while Brent front-month crude futures fell 0....
BP sees 100K barrels per day of new output in Gulf of Mexico by 2025
Jan 09, 2019 (UPI)
BP said that its current Gulf of Mexico production of 300,000 barrels of oil equivalent daily will grow "to around 400,000 barrels of oil equivalent through the...
Oil prices rise as U.S., China extend trade talks
Jan 09, 2019 (UPI)
West Texas Intermediate crude futures prices rose 2.1 percent to $50.84 per barrel as of 7:38 a.m. EST, while Brent futures prices rose 1.9 percent to $59.83 pe...
Oil prices rise on Saudi Arabia cuts, trade talks
Jan 08, 2019 (UPI)
West Texas Intermediate front-month future prices rose just over 1 percent to $49.02 per barrel as of 7:47 a.m. EST while Brent crude futures gained 1.2 percent...
Venezuela's armed forces declare 'loyalty' to Maduro
Jan 08, 2019 (AFP)
The armed forces issued a statement, read out to the press by defense minister General Vladimir Padrino, in which it declared "unrestricted support and absolute...
One dead, two missing after oil tanker blaze off Hong Kong
Jan 08, 2019 (AFP)
Twenty-three people were rescued after those on board the stricken Vietnamese-listed vessel either fell or jumped into the sea, police said. Some of the victims...
Gabon coup bid highlights country in grip of uncertainty
Jan 08, 2019 (AFP)
Calm has returned to the Gabonese capital after several hours of upheaval, yet Gaston's question is on many lips. The brief attempt on power has prompted many t...
U.S. fuel prices fall as demand hits 22-month low
Jan 08, 2019 (UPI)
As of January 7, gas prices have dropped from the end of the year, and 20 cents from a month ago. They are a quarter of a dollar lower year-over-year, the AAA s...
One dead in oil tanker blaze off Hong Kong
Jan 08, 2019 (AFP)
Twenty-three people have been rescued after those on the vessel either fell or jumped into the sea, according to a police spokesperson, while two people are mis...
Crude oil prices see increase as U.S.-China trade talks restart
Jan 07, 2019 (UPI)
West Texas Intermediate crude front-month future prices rose 2 percent to $48.92 per barrel as of 8:00 a.m. EST, while Brent crude futures rose 1.6 percent to $...
Rise in oil prices led by December OPEC cuts
Jan 04, 2019 (UPI)
West Texas Intermediate crude oil future prices rose 1.5 percent to $47.79 per barrel just after 8:00 a.m. EST while Brent crude oil futures rose 1.6 percent to...
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